Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0804%/8h= −88.0% APRpaid last 24h −0.004%
Price spread now: HTX against Paradex−0.151%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and HTX is 0.151% cheaper against Paradex than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETHFI-USD-PERP0.7189−0.0039get 0.0039% / 8h7h 37m$6K5x
ShortHTX ETHFI-USDT0.7178−0.0843pay 0.0421% / 4h3h 37m$83K$160K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Paradex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$168.76
Price spread: −0.151% → 0.000%
−$15.1
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee HTX: 6 bp × 2 orders
−$12
Net
−$199.86
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; HTX: live order book, 33 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell HTX live order book, 33 min ago39.99 bp60.8 bp −$61doesn't fitdoesn't fitdoesn't fit
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETHFI-USDTshort−0.0843%4h0.7178−0.151%$83K$160K20x
Deribit ETHFI_USDC-PERPETUAL−0.0584%1h0.7189+0.002%$41K$14K10xas long as short
Orderly PERP_ETHFI_USDC−0.0198%4h0.7187−0.026%$16K$1K10xas long as short
Variational Omni ETHFI−0.0057%4h0.7188−0.007%$1.0M$744Kas long as short
Paradex ETHFI-USD-PERPlong−0.0039%8h0.7189long leg$6K5x
Bybit ETHFIUSDT+0.0016%4h0.7188−0.012%$18.2M$13.0M25xas long as short
MEXC ETHFI_USDT+0.0028%4h0.7188−0.012%$15.4M$3.8M125xas long as short
Binance ETHFIUSDT+0.0031%4h0.7187−0.026%$25.1M$37.4M75xas long as short
Extended ETHFI-USD+0.0032%1h0.7187−0.022%$97K$631K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.711%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7183−0.085%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7197+0.116%$1.1M$894K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7197+0.111%$18.1M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7191+0.031%$184K$258K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7195+0.085%$5.0M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7194+0.072%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7191+0.030%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7188−0.012%$6.1M$5.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7189+0.002%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7188−0.012%$71K$116K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7193+0.058%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0108%4h0.7183−0.081%$1.3M$277K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7237+0.670%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0220%1h0.7198+0.126%$274K$165K20xas long as short